Archive for the 'Economy' Category
Audi to Cut 10% of Workers to Fund Shift to Electric Vehicles
November 26th, 2019Via: Reuters: Volkswagen’s luxury car unit Audi on Tuesday said it would cut one in ten jobs, freeing up billions of euros to fund its shift toward electric vehicle production.
Was Bolivian Coup About Lithium?
November 26th, 2019Via: Counterpunch: Over the course of the past few years, Bolivia has struggled to raise investment to develop the lithium reserves in a way that brings the wealth back into the country for its people. Morales’ Vice President Álvaro García Linera had said that lithium is the “fuel that will feed the world.” Bolivia was […]
Uber Loses London License Over Safety Concerns
November 25th, 2019Via: New York Post: Uber on Monday was stripped of its license to operate in London over the company’s failure to ensure passenger safety. Transport for London deemed the ride-hailing giant “not fit and proper” to hold a license because it has not done enough to stop unlicensed and uninsured drivers from carrying riders. “Safety […]
California Raises Pot Taxes
November 25th, 2019Via: AP: California is increasing business tax rates on legal marijuana, a move that stunned struggling companies that have been pleading with the state to do just the opposite. Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers into California’s tax-free illegal market, which is thriving. Industry […]
Australia Probes ‘Deeply Disturbing’ Allegations of Chinese Political Interference
November 24th, 2019*pfft* In other (long forgotten) news: New Zealand: National MP Trained by Chinese Spies Via: Reuters: Australia’s domestic spy agency is investigating whether China tried to install an agent in federal parliament in what Prime Minister Scott Morrison on Monday called “deeply disturbing” allegations. The Australian Security Intelligence Organisation (ASIO) said it had launched an […]
Was Cringe Inducing Cybertruck Window Demo Failure a Marketing Stunt?
November 23rd, 2019Update: Now 200,000 Reservations 200k — Elon Musk (@elonmusk) November 25, 2019 — I watched it live and it was definitely cringe inducing. I physically winced and mumbled, “Ouch, that’s not a good look, Elon.” Knowing that most mainstream media coverage of Tesla is negative, my thoughts turned to how these outlets are going to […]
Amazon Is Planning to Open Cashierless Supermarkets Next Year
November 23rd, 2019Via: Bloomberg: Amazon.com Inc. is preparing to open Amazon Go supermarkets and pop-up stores, an expansion of the company’s cashierless ambitions that includes the possibility of licensing the technology to other retailers. The new store formats and licensing initiative could launch as soon as the first quarter of 2020, according to a person familiar with […]
The Encyclosphere Is Coming
November 22nd, 2019Via: Larry Sanger: We are fed up. After ten years of domination by big social media—which might finally be in decline—we are tired of giant Silicon Valley corporations using us contemptuously. We still remember an Internet in which we charted our own destiny and owned our own data. It’s not just social media. It’s Wikipedia, […]
California Faces Decade of ‘Unique’ Wildfire Blackouts
November 22nd, 2019Via: Reuters: California utility PG&E Corp has imposed 10 intentional blackouts this year to reduce risks its power infrastructure could spark wildfires and said they will continue for a decade. PG&E initially said outages would happen only a couple of times a year, but millions of Californians were hit by four massive shutdowns in October […]
Tesla Unveils Cybertruck: Electric Pickup with Range Up to 500 Miles, Stainless Steel Body, Starting Price of $39,900
November 21st, 2019Update: Tesla Already Received 146,000 Cybertruck Pre-Orders Worth Over $8 Billion — Update: Tesla Cybertruck Will Have Solar Roof Option to Add 15 Miles of Range Per Day — Will people ignore how weird it looks in order to get specs that no other truck has? Probably. Via: Electrek: After months of hype, Tesla has […]
